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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE      
Rental income $ 167,035 $ 213,558 $ 241,017
Management and other fee income $ 1,598 $ 1,196  
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenue $ 168,633 $ 214,754 $ 241,017
EXPENSES      
Property operating 42,123 28,705 19,700
Real estate taxes 38,595 42,446 45,653
Depreciation and amortization 104,581 226,675 262,171
General and administrative 39,156 34,788 27,902
Provision for doubtful accounts   257 158
Total expenses 224,455 332,871 355,584
Gain on sale of real estate 71,104 96,165 11,447
Gain on sale of interests in unconsolidated joint ventures 6,721   60,302
Equity in loss of unconsolidated joint ventures (17,994) (10,448) (7,788)
Interest and other income 6,824 7,886 877
Interest expense (94,519) (90,020) (70,112)
Change in fair value of interest rate cap   (23) (701)
Loss before income taxes (90,407) (114,557) (120,542)
Provision for income taxes (196) (321) (271)
Net loss (90,603) (114,878) (120,813)
Net loss attributable to non-controlling interests 31,206 41,406 47,059
Net loss attributable to Seritage (59,397) (73,472) (73,754)
Preferred dividends (4,900) (4,903) (245)
Net loss attributable to Seritage common shareholders $ (64,297) $ (78,375) $ (73,999)
Net loss per share attributable to Seritage Class A and Class C common shareholders - Basic $ (1.77) $ (2.20) $ (2.19)
Net loss per share attributable to Seritage Class A and Class C common shareholders - Diluted $ (1.77) $ (2.20) $ (2.19)
Weighted average Class A and Class C common shares outstanding - Basic 36,413 35,560 33,804
Weighted average Class A and Class C common shares outstanding - Diluted 36,413 35,560 33,804